YOUNG PROPERTY MARKETER ACCUSES BUSINESSMAN, ISAAC FAYOSE, OF N750,000 COMMISSION FRAUD, LAVISHING N1m ON GIVEAWAY
YOUNG PROPERTY MARKETER ACCUSES BUSINESSMAN, ISAAC FAYOSE, OF N750,000 COMMISSION FRAUD, LAVISHING N1m ON GIVEAWAY
An Abuja based young property marketer called Tumma Gabriel has accused businessman, Mr Isaac Fayose, of withholding his deserved profit from a property sale he made on his behalf.
Tumma claimed in his statement that he had connected a buyer to Fayose for a land transaction but was cheated out of his rightful 10% commission after the sale was successful.
According to Tumma, a woman living in Chicago, USA, saw his land advertisement on Instagram and showed interest in buying Fayose’s Abuja property for N10 million. He said he immediately contacted Fayose, who provided the company’s bank details for the payment, while the buyer transferred a total of N11 million into Fayose’s company account in three instalments.
Based on their business agreement, Tumma stated, he was supposed to receive a N1 million commission from the sale. However, he alleged that Fayose only sent him N250,000, leaving an unpaid balance of N750,000.
Following his complaint over the unpaid balance, Tumma alleged, Fayose blocked him on Instagram.
Meanwhile, Tumma said he was shocked to later find out that Fayose hosted a N1 million giveaway on Facebook and Instagram shortly after refusing to pay him his legitimate earning. He said he was bemused by Fayose asking his social media followers what they would do with N1 million, and eventually awarded the money to a follower named Lere Olayinka, while he begged to be paid his rightful profit.
Responding to Tumma’s allegations, Isaac Fayose denied cheating the marketer. The businessman explained that the official offer letter for the land clearly outlines a N10 million price with a 5% legal fee and a 5% agency fee. Out of the agency fee, Fayose said, 2.5% is designated for the specific agent who closes the deal, while the rest is shared among other marketers and stakeholders. He stated that the N250,000 sent to Tumma was the exact and correct 2.5% commission he earned based on company policy, making the transaction fully settled weeks prior.
Insisting that he would not let his sweat go in vain, Tuma declared his readiness to report the matter to the Economic and Financial Crimes Commission (EFCC) to recover his remaining N750,000.
